SellToOpen 2026 Jan Call C20 x1 Limit 0.4
SellToOpen 2026 Jan Put P5 x1 Limit 2.95
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total cost:
0.66x10 - 0.38x2 - 0.32x4 - 0.5x3 - 2.95= 6.6-0.76-12.8-1.5-2.95=0.11
near buy for free (BFF).
If price stays between 5 and 10, no gain, no loss.
If price goes down, the risk is same as hold 100 shares of BYND. max risk $500.
If price goes above 15, possible profit $5,000.